Stocks Pressured, Yen, Swiss Franc Rise On Ukraine Anxiety

by Wochit
0:34 mins

Escalating political tensions in Ukraine pressured Asian stocks on Monday, forcing anxious investors to cut their exposure to riskier assets in favor of traditional safe haven bets such as the Japanese yen and Swiss franc. Ukraine mobilized for war on Sunday and Washington threatened to isolate Russia economically, after President Vladimir Putin declared he had the right to invade his neighbor, in the biggest confrontation between Russia and the West since the Cold War.